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Bridging Finance Auction Property
Why Do Property Developers Purchase Properties At Auction?
Purchasing properties at auction is commonplace amongst property developers. Frequently, auctioned properties are more affordable, making them an attractive option. Many
Auction House is reporting its most successful May in the 16-year history of the group.
The month saw the most lots offered and sold, as well as a record-breaking amount of money raised. In May 2023, Auction House offered 707 lots and sold 537 of them (a 76% success rate), raising £72,650,604 – the highest-ever total for the month.
Compared with 2022, year-to-date figures increased, with the number of lots offered up 29%, and properties sold by 16%.
Commenting on the figures, Auction House Managing Director Jeremy Prior said: “What these figures prove is the
More than £18m raised in Clive Emson Auctioneers' 15th June auction, with 140 lots across southern England.
KINGS BID: This mixed-used former restaurant premises (pictured above) in Kings Road, Brighton, with self-contained upper parts, fetched £444,000 in the June auction by Clive Emson Auctioneers. Lot 133, which attracted 53 bids, went for £69,000 above the guide price and was among 140 lots listed across southern England. The firm’s next auction ends on 26 July, with bidding live 48 hours beforehand and the catalogue live from July 7.
A bidding war broke out over land
Bidding war as Sussex smallholding sells for £855,000 at auction
An auction bidding war led to a smallholding and land near Hailsham to sell for £855,000 at auction this week. (thurs 15 june)
Bolneys Farm, in South Road, finally went under the gavel after sustained bidding in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
The property generated almost seven times the freehold guide price at the 140-lot auction which ended on Thursday 15 June.
The property, a smallholding plus nine acres of land with
A property (pictured below) previously arranged as four flats with a large cellar, courtyard and parking in Torquay, Devon, has sold for £266,000 in an auction bidding war.
Located at 125 Babbacombe Road, three of its apartments have been stripped for refurbishment while the fourth requires modernisation.
The building was among 140 lots listed across southern England by Clive Emson Auctioneers in the firm’s June auction.
Audrey Smith, Senior Auction Appraiser, said: “There was keen interest, with 61 bids made and the hammer coming down on £266,000, which was £141,000
A former library in the heart of an historic south Wales valleys town has gone up for auction in what is fast becoming a property hotspot.
The fully let property in the Eastern Valley UNESCO World Heritage town of Blaenavon, Gwent is being sold at auction by Newport-based Paul Fosh Auctions.
Debra Bisley, of Paul Fosh Auctions, said: "We've had loads of interest in properties in Blaevanon over recent months with a number of these often quirky and of architectural interest being sold at one our auctions. It's becoming quite a property hot spot.
"This very interesting former
Auction House London continues to buck the market trend with sales under the hammer reaching its own all time high with 182 Lots selling this week at auction during a single livestream sale lasting 12 and a half hours.
£30m (£30,513,500) was raised in its recent sale (Wednesday 24 May 2023). The appetite for buying at auction is clearly there with many properties going into extended bidding wars including Lot 2 – a three-bedroom mid terrace in Poplar Street, Romford. It was guided at £225,000 before the hammer came down at £385,000.
Offices with planning permission for conversion into 10 flats are going under the hammer with a freehold guide price of £750,000 plus.
Ampney House is a two storey, detached building on Green Farm Business Park, Quedgeley, three miles from Gloucester city centre,
It is among the lots going under the hammer in the fourth sale of 2023 by the regional land and property auctioneers Clive Emson.
Senior auction appraiser Audrey Smith said: “This is a great opportunity to acquire a detached commercial building with the benefit of
A public house/hotel investment in an affluent area of Dorset featured among the lots sold at the Acuitus commercial property auction which raised £19.05m on May 18th.
The Anchorage on Haven Road near Poole sold for £2.2m at a yield of 5.13%. The gastro pub and six-bedroom hotel is on the main route to the prime residential area of Sandbanks and its cluster of multi-million pound homes. It is currently let to Greene King on a new 20-year lease running from September 2022 without break at a rent of £120,000 pa.
Jon Skerry of Acuitus comments: “The quality of this asset and its close
GEORGIAN GEM: Let at £50,112 per annum, a pair of freehold buildings, comprising five flats and two shops in the Georgian gem town of Blandford Forum, Dorset, is guided at £600,000-plus (lot 39). The property is among 134 lots listed for auction across southern England by Clive Emson Auctioneers.
A former primary school, ransom strip, chapel, offices building, a tin mine engine room and a house built around the time of Tudor king Henry VII – just some of the diverse lots listed by Clive Emson Auctioneers in its June auction.
The firm’s land and property auction, covering